My thoughts are odd but buying a Lender like Wells Fargo or BAC would be my thought that shareholders would enjoy the dividends of the outragious % charged by Clairborn or PowerUp IMHO
Why nor fund money to them and see a nice return ?
/isn't the true cash cow of the OtC the toxic lenders ?
Since you have a better knowledge of investing and a personal friend the major lender for LIBE.......... does the lender work with the company to offer a clean shell ? how does that work......
ie : lets say LIBE owes 300k to Chip and wants to sell the company ?
Does Chip look at the new company financial picture and agree to extend the note or accept alternative restricted shares ?
"I wonder if $LIBE common shareholders with a large number of shares would agree to convert them to a preferred share say "D" .......
Would this give the share holder more value as a preferred versus common ?
Would this reduce the O/S without having to do a R/S ?"
Approx two days ago posted on fb page for $LIBE imho
Brian Conway "We have not done a mailer or have paid the fee with FINRA. So it’s up in the air as we finalize “other transactions”. I cannot/ will not publish information until everything is complete. It’s done nothing positive in the past, but we are hard at work to bring value to shareholders. Please be patient while we accomplish our goals."